VM Financial Group (VMFG) has been assigned an investment-grade credit rating by Caribbean Information and Credit Rating Services Limited (CariCRIS), a milestone that affirms the Group’s strong financial position and positive outlook within Jamaica and the wider Caribbean region.

CariCRIS assigned VMFG the following ratings: jmA (National Scale Local Currency), jmA- (National Scale Foreign Currency), CariBBB+ (Regional Scale Local Currency), and CariBBB (Regional Scale Foreign Currency).

This is the first credit rating assigned to VMFG, and it reflects the Group’s solid credit quality on the national scale and adequate creditworthiness on the regional scale.

The ratings recognise VMFG’s strong capital adequacy and liquidity, diversified income streams across multiple financial sectors, robust governance and risk management frameworks, and a history of profitable operations. CariCRIS also noted the Group’s ongoing digital transformation initiatives and strategic regional expansion plans, which underpin the stable outlook assigned to the ratings.

Signals Confidence

Brian Frazer, Chief Treasury Officer at VMFG, commented: “We welcome CariCRIS’s investment-grade rating, which reflects confidence in our business and strategy. This is the start of an exciting new era for VMFG as we continue to innovate and expand our reach, delivering enhanced value to our customers and stakeholders.”

Courtney Campbell, President & CEO of VMFG, added: “This investment-grade rating from CariCRIS is a significant endorsement of VMFG’s strategic vision and operational strength. It reflects our commitment to building a resilient and innovative financial group that not only meets the evolving needs of our customers but also contributes meaningfully to the economic development of Jamaica and the wider Caribbean. We see this as a foundation on which to accelerate growth, deepen partnerships, and deliver sustainable value for all our stakeholders.”

About VM Financial Group (VMFG)

VM Financial Group (VMFG) is the holding company of the financial businesses within VM Group Limited. Established in 2023, VMFG oversees a diverse portfolio of subsidiaries, including VM Building Society, VM Investments, VM Wealth Management, VM Pensions Management, VM Finance, and VM Money Transfer Services. British Caribbean Insurance Company (BCIC) and Carilend are Affiliate Companies. Together, these entities provide a comprehensive range of financial products and services across Jamaica and select international markets.